Stock Track | Blend Labs Plummets 11.54% as UBS Cuts Price Target

Stock Track

2025/02/28

Shares of Blend Labs, Inc. (BLND) plummeted 11.54% in the pre-market trading session on Friday, following a price target cut by UBS analysts.

UBS reduced its price target for Blend Labs from $4 to $3.50, maintaining a Neutral rating on the stock. This downward revision in the price target appears to have triggered a significant sell-off in the company's shares, as investors reacted cautiously to the news.

Despite the broader analyst consensus of an "Overweight" rating and a mean price target of $5.37, according to FactSet data, UBS's price target cut seems to have weighed heavily on investor sentiment, leading to the substantial pre-market decline.

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(BLND) plummeted 11.54% in the pre-market trading session on Friday, following a price target cut by UBS analysts.</p>\n\n<p>UBS reduced its price target for Blend Labs from $4 to $3.50, maintaining a Neutral rating on the stock. 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